Blog

TORONTO, October 23, 2019 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and 12 months ended August 31, 2019 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.

Q4 F2019 Highlights

  • theScore launched its mobile sportsbook ‘theScore Bet’ in New Jersey in September after receiving regulatory approval by the New Jersey Division of Gaming Enforcement during Q4. Developed natively for iOS and Android devices, theScore Bet is a comprehensive mobile sports betting platform, uniquely integrated with theScore’s popular sports app to provide an immersive and holistic sports betting experience.
  • theScore announced a major expansion of its U.S. mobile sports betting business, securing market access rights to offer online and mobile sports betting and i-gaming applications in an additional 11 states via a 20-year market access framework agreement with Penn National Gaming Inc., North America’s largest regional gaming operator. Penn National also took an equity stake in theScore, subscribing for US$7.5 million of Class A Shares as part of a US$10 million Private Placement, alongside other investors.
  • theScore secured a $40 million strategic investment from a fund managed by Fengate Asset Management to fund the growth and development of theScore’s media and sports betting businesses.
  • theScore achieved a new Q4 revenue record of $6.4 million. This compared to $5.1 million in revenue for the same period last year, with year-over-year growth of 25% led by strong performances from direct sales in the U.S. and Canada.
  • theScore achieved a new Q4 record for average monthly user sessions on theScore sports app. Average monthly sessions reached 272 million during Q4 F2019, year-over-year growth of 6%, with users opening it an average of 75 times a month each.
  • theScore’s social sports content reached approximately 142 million users in Q4 F2019, a new quarterly record and year-over-year growth of 150%.
  • Total video views of theScore’s esports content also achieved a new quarterly record of 85 million, year-over-year growth of 157%.

“theScore Bet is live and taking bets in New Jersey, capping one of the most significant quarters and fiscal years in our history,” said John Levy, Founder and CEO of theScore. “Not only did we successfully launch our new sports betting platform in the fast-growing New Jersey sports betting market, but we also secured market access rights for an additional 11 states via a highly-coveted partnership with Penn National Gaming.

“Along with New Jersey, this provides us with potential market access to offer mobile sports betting to about 30% of the U.S. population. We continue to explore strategic opportunities to bring theScore Bet to as many states as possible and are well capitalized to execute on our vision following the $40 million strategic investment by Fengate.

“It was also a record Q4 for advertising revenue in our media business, powered by strong direct sales deals in the U.S. and Canada, while records were also broken for Q4 engagement on our sports app as well as consumption of our esports and social content. The continued growth of our media business, combined with our unique and differentiated entry into the sports betting space, puts us in a strong position as we enter fiscal 2020.” 

Financial Results
Revenue for the three months ended August 31, 2019 was $6.4 million compared to $5.1 million for the same period last year, growth of 25% and a new record for Q4. Growth in revenue for the quarter was primarily the result of strong performances from direct sales in Canada and the U.S. Revenue for the 12 months ended August 31, 2019 was $31.1 million versus $27.7 million for the same period last year, growth of 12% and a new record for a fiscal year.

EBITDA loss for the three months ended August 31, 2019 was $4.1 million versus $2.4 million for the same period last year. The increase in EBITDA loss was primarily the result of additional expenses relating to the ongoing development of theScore’s sports betting business. EBITDA loss for the 12 months ended August 31, 2019 was $6.5 million versus $2.4 million in the same period last year.

Audience Metrics
Total average monthly active user sessions of theScore mobile app on iOS and Android reached 272 million in Q4 F2019, year-over-year growth of 6% and a new record for Q4. This represents 75 app sessions-per-user-per-month on a base of 3.6 million average monthly app users.

theScore’s content on its social channels achieved an average monthly reach of approximately 142 million in Q4 F2019, year-over-year growth of 150% and a new quarterly record.

Total video views of theScore esports’ content hit 85 million for Q4 F2019, year-over-year growth of 157% and a new quarterly record. Total watch minutes for theScore esports’ YouTube channel reached 384 million, year-over-year growth of 64% and a new quarterly record. An additional 146,000 YouTube subscribers were added during the period, with channel subscribers surpassing 950,000 earlier this month.

Conference Call & Webcast
theScore will host a conference call and webcast at 4:30pm EST on Wednesday, October 23 where management will review the Company’s F2019 Q4 and Year End results, followed by a Q&A session:

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Passcode: 7997809

For more information:
James Bigg
Sr. Manager, Communications
Score Media and Gaming Inc.
Tel: 647-638-9281
Email: [email protected]

Alvin Lobo
Chief Financial Officer
Score Media and Gaming Inc.
Tel: 416-479-8812
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

TORONTO, October 10, 2019 – Score Media and Gaming Inc. (TSX Venture: SCR) (“theScore”) plans to release its F2019 Q4 and Year End financial results at market close on Wednesday October 23, 2019. theScore will also host a conference call and webcast at 4:30pm ET on Wednesday, October 23 where management will review the Company’s F2019 Q4 and Year End results, followed by a Q&A session.

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Score Media and Gaming Inc.
Score Media and Gaming Inc. empowers millions of sports fans through its digital media and sports betting products. Its media app ‘theScore’ is one of the most popular in North America, delivering fans highly-personalized live scores, news, stats, and betting information from their favorite teams, leagues, and players. The Company’s mobile sports betting app ‘theScore Bet’ delivers an immersive and holistic mobile sports betting experience. Natively built for iOS and Android devices, theScore Bet is deeply integrated with theScore’s media app and is currently available to place wagers in New Jersey. Publicly traded on the TSX Venture Exchange (SCR), theScore also creates and distributes innovative digital content through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

TORONTO, July 24, 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2019 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.

Q3 F2019 Highlights

  • theScore remains on schedule for the New Jersey launch of its mobile sportsbook, pending receipt of all required approvals and licenses from the State of New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission (NJRC).
  • theScore achieved a new Q3 revenue record of $8.5 million. This compared to $7.2 million in revenue for the same period last year, with growth primarily the result of strong performances from direct sales in Canada and the U.S.
  • theScore achieved a new Q3 record for average monthly user sessions on theScore app. Average monthly sessions reached 395 million during Q3 F2019, with users opening it an average of 102 times a month each.
  • theScore’s social content achieved a new quarterly record with an average monthly reach of approximately 100 million users in Q3 F2019, while total video views of theScore’s esports content also achieved a new quarterly record of 64 million.

“The great work in Q3 by our team and partners at Bet.Works means we’re right on schedule for the launch of what we believe will be a truly best-in-class mobile sportsbook,” said John Levy, Founder and CEO of theScore. “We can’t wait to show sports bettors in the U.S. what we’ve been building – starting with New Jersey.

“theScore’s sportsbook will deliver a unique mobile betting experience that will be tightly integrated with our flagship app to create a powerful ecosystem by a brand already trusted by millions of sports fans. theScore is going all-in on sports betting, and our established position as a leader in mobile sports makes this an incredible opportunity.

“It was also a great quarter for our core business. Advertising revenue achieved a new Q3 record, while engagement on our media app and audience growth across our esports and social platforms was also extremely positive.”

Financial Results
Revenue for the three months ended May 31, 2019 was $8.5 million compared to $7.2 million for the same period last year. Revenue for the nine months ended May 31, 2019 was $24.7 million versus $22.6 million for the same period last year. Growth in revenue for the quarter was primarily the result of strong performances from direct sales in Canada and the U.S.

EBITDA loss for the three months ended May 31, 2019 was $1.1 million versus a loss of $45,000 for the same period last year. Increase in EBITDA loss was primarily the result of additional expenses relating to the ongoing development of theScore’s sports betting business. EBITDA loss for the nine months ended May 31, 2019 was $2.3 million versus a loss of $29,000 in the same period last year.

Audience Metrics
Total average monthly active user sessions of theScore mobile app on iOS and Android reached 395 million in Q3 F2019, or 102 sessions-per-user-per-month on a base of 3.9 million average monthly app users.

theScore’s content on its social channels achieved an average monthly reach of approximately 100 million in Q3 F2019, year-over-year growth of 161%, serving to further amplify theScore brand globally.

Total video views of theScore esports’ content reached a record 64 million for Q3 F2019, representing year-over-year growth of 188%. Total watch minutes for theScore esports’ YouTube channel were 332 million, growth of 170% year-over-year. An additional 125,000 YouTube subscribers were added during the period, with channel subscribers surpassing 820,000 earlier this month.

Conference Call & Webcast
theScore will host a conference call and webcast at 4:30pm EST on Wednesday, July 24 where management will review the Company’s Q3 F2019 results, followed by a Q&A session:

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Playback Passcode: 1079516

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore
theScore’s mission is to create highly-engaging digital products and content that empowers the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social, and esports platforms, and in December 2018 announced plans to launch a mobile sportsbook in the United States.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

Table 1 Table 2 Table 3 Table 4

TORONTO, July 11 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q3 F2019 financial results at market close on Wednesday July 24, 2019.

theScore will also host a conference call and webcast at 4:30pm ET on Wednesday, July 24 where management will review the Company’s Q3 F2019 results, followed by a Q&A session.

Conference Call Dial-In
Local: +1 (647) 689-5637
Toll Free North America: +1 (877) 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: +1 (416) 621-4642
Toll Free North America: +1 (800) 585-8367
Playback Passcode: 1079516

For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647-638-9281
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore
theScore’s mission is to create highly-engaging digital products and content that empowers the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social, and esports platforms, and in December 2018 announced plans to launch a mobile sportsbook in the United States.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

TORONTO, January 23 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2018 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. 

Q1 F2019 Highlights

  • The Company achieved record quarterly EBITDA in Q1 F2019 of $1.0 million.
  • The Company achieved record quarterly revenue in Q1 F2019 of $9.5 million.
  • The Company grew average monthly user sessions to a new quarterly record of 469 million during Q1 F2019, with users opening theScore app an average of 111 times a month each.
  • In December the Company became the first media company in North America to announce plans for a mobile sportsbook in the United States, which the company anticipates will launch in New Jersey in mid-2019 subject to receipt of required regulatory approvals and licenses.
  • The Company’s esports’ video content achieved a new record of 40.3 million total views in Q1 F2019.

“Sports betting is a core focus this fiscal year and a huge opportunity for theScore,” said John Levy, Founder and CEO of theScore. “We’re excited to launch what we believe will be a unique and best-in-class mobile sportsbook in New Jersey in mid-2019.

“We’re uniquely positioned as a media company to succeed in sports betting. The record engagement achieved this quarter on our mobile app demonstrates the power of our audience, which spans every single U.S. state and indexes highly with sports betting enthusiasts.

“This is a big advantage, as is the rapid growth of mobile and in-game sports wagering, which aligns perfectly with the product expertise that has made theScore one of the most popular sports apps in North America.

“On top of this, we continue to create value across our Company, achieving record quarterly revenue and EBITDA while significantly growing our esports and social audiences. We look forward to further strengthening our reputation as a leader in digital sports media in 2019 and beyond.”

Financial Results
The Company achieved record EBITDA for Q1 F2019 of $1.0 million versus EBITDA of $0.5 million in Q1 F2018. The Company also achieved record revenue for Q1 F2019, which grew 13% to $9.5 million versus $8.4 million in Q1 F2018, and included record quarterly revenue for the Company’s Canadian direct sales business and strong year-over-year growth of U.S. programmatic revenue.

Audience Metrics
Total average monthly user sessions of theScore mobile app on iOS and Android reached a new quarterly record of 469 million in Q1 F2019, or 111 sessions-per-user per-month on a base of 4.2 million average monthly app users.

Total video views of theScore’s esports’ content were 40.3 million for Q1 F2019, representing year-over-year growth of 123%. Total watch minutes for theScore esports’ YouTube channel reached 296 million in Q1 F2019, growth of 867% year-over-year, with channel subscribers breaking past 500,000 during the period.

theScore’s content on its social channels reached approximately 67 million users per month in Q1 F2019, growth of 119% year-over-year, serving to further amplify theScore brand globally. This included a new monthly reach record of approximately 77 million in November.

Credit Facility
In December 2018 the Company entered into a $5 million demand credit facility with a Canadian chartered bank. The credit facility is available for working capital purposes and the amount available is based on a percentage of the Company’s accounts receivable and those of certain of its subsidiaries. The facility is secured by substantially all of the assets of the Company and certain of its subsidiaries. 

Stock Option Plan
theScore announced that the board of directors has granted 5,537,500 options to acquire Class A subordinate voting shares to employees of, and consultants to, the Company, including 1,700,000 options to directors and officers of the Company. Assuming the requisite shareholder approval is obtained, options will be granted to the following directors and officers: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 options); Ralph Lean (100,000 options); John Albright (100,000 options); Mark Scholes (100,000 options); Lorry Schneider (100,000 options); Thomson Associates Inc. (100,000 options), and Mark Zega (100,000 options). Each option will be exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.30 in accordance with the terms and conditions of the Company’s employee stock option plan.

Conference Call
theScore will host a conference call at 4:30pm ET on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session:

Conference Call Dial-In
Local: (+1) 647 689-5637
Toll Free North America: (+1) 877 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: (+1) 416 621-4642
Toll Free North America: (+1) 800 585-8367
Playback Passcode: 7389200 # 

 

Annual General Meeting
theScore will be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

—-

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647.638.9281
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”, “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

Table 1 Table 2 Table 3 Table 4

Conference call and webcast to take place at 4:30pm EST
Company to host Annual General Meeting Thursday, January 24 at 11:00am

TORONTO, January 16 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q1 F2019 financial results at market close on Wednesday January 23, 2019.

theScore will also host a conference call at 4:30pm EST on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session.

Conference Call Dial-In
Local: (+1) 647 689-5637
Toll Free North America: (+1) 877 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: (+1) 416 621-4642
Toll Free North America: (+1) 800 585-8367
Playback Passcode: 7389200 #

theScore will also be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

—-

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: [email protected]


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

TORONTO, July 11 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2018 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $7.2 million compared to $6.4 million in the same period in F2017. Revenue for the first nine months of F2018 grew to $22.6 million compared to $21.6 million for the same period in F2017. Q3 F2018 revenue growth was accomplished thanks to strong performances from theScore’s Canadian direct sales and US programmatic businesses.

EBITDA loss for the three months ended May 31, 2018 improved to $44K, compared to a loss of $2.2 million for the same period the previous year. EBITDA loss for the first nine months of F2018 improved to $30K compared to a loss of $4.0 million for the same period the previous year. EBITDA loss for the three and nine months ended May 31, 2017 included an impairment loss on the disposal of a non-core investment of $0.8 million.

Average monthly active users of theScore app on iOS in Q3 F2018 were up 9% compared to the same period the previous year, including growth in May of more than 12% year-over-year. iOS growth was offset by lower monthly active users of theScore app on Android. As a result, total average monthly active users of theScore mobile app in Q3 F2018 were 3.9 million, consistent with the same period the previous year. Average monthly app sessions-per-user were 93 versus 96 for Q3 F2017.

“It’s been an exciting period for theScore,” said John Levy, CEO and Founder of theScore. “We’ve seen continued strong app user growth on our iOS platform, a new monthly record of more than 50 million sports fans reached on our social and emerging platforms, and last week’s launch of theScore on Bixby to increase our presence on Android devices.

“This quarter also saw the legalization of sports betting in the United States, which presents an exciting opportunity for us. The state-by-state roll-out of this, and the different models being explored within each individual state, means the US sports betting landscape remains a fluid one. theScore is uniquely positioned to capitalize on this opportunity thanks to our mobile sports expertise, combined with our large and highly-engaged audience. We look forward to sharing more on our plans in due course.”

theScore will be hosting a conference call at 4:30pm EST on Wednesday, July 11. Management will review the Company’s Q3 F2018 results, followed by a question and answer session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

Table 1 Table 2 Table 3 Table 4

– Financial results to be released at market close
– Conference call to be conducted at 4:30pm EST

TORONTO, July 5 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q3 F2018 financial results at market close on Wednesday July 11, 2018.

The Company will also be hosting a conference call at 4:30pm EST on Wednesday July 11, 2018 where Founder & Chief Executive Officer John Levy and President & Chief Operating Officer Benjie Levy will review the Company’s results followed by a Q&A session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

 

TORONTO, April 9 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q2 F2018 financial results on Thursday, April 12 at 7:00am EST.

The Company will also be hosting a conference call where Founder & Chief Executive Officer John Levy and President & Chief Operating Officer Benjie Levy will review the Company’s results followed by a Q&A session.

The conference call is scheduled to begin at 8:30am EST on Thursday, April 12. To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In Numbers
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 010935 #

The conference call will also be webcast live here.

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.Tel: 416.479.8812 ext. 2366
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

– Company achieves positive EBITDA for first time in history

TORONTO, January 11 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

In Q1 F2018 the Company achieved the first EBITDA positive quarter in its history. EBITDA was $0.5M, versus a loss of $0.4M for the same period the previous year.

“After previously forecasting that we would be EBITDA positive in F2018, we are very pleased to get this fiscal year off to a strong start, something which puts a solid foundation in place for the rest of the year,” said John Levy, CEO and Founder of theScore.

The Company achieved revenue of $8.4M for Q1 F2018 versus $8.5M for the same period the previous year. Increased US programmatic revenue and Canadian direct sales revenue was offset by lower direct sales in the US.

Average monthly active users of theScore app[*] for Q1 F2018 were 4.3M versus 4.4M for the same period the previous year, while average monthly app sessions-per-user were 103 versus 102 for Q1 F2017.

theScore app on iOS showed positive momentum this quarter, breaking new single-month user records in both October and November. For Q1 F2018, monthly active users of theScore app on iPhone and iPad were up by 6% for the same period the previous year. Monthly active users of theScore app on Android were down by 11% over the previous year.

“Following the launch of our newly designed flagship app at the end of Q4, we’ve seen some extremely encouraging growth on our iOS platforms, twice breaking records for users in a single month in Q1,” said Mr. Levy. “While the change in Android users is reflective of trends we’ve seen with other apps in the free sports category in Google Play over the past year, we believe a combination of product and marketing initiatives will enable us to tackle this platform-specific challenge head-on by improving both user acquisition and retention.

“Our priority now is building on this momentum through the continued improvement of our offering through ongoing experimentation and maintaining our regular bi-weekly release cycles to get updates into the hands of sports fans as quickly as possible.”

theScore’s esports team also reinforced its focus on the creation of original video content during Q1 F2018, doubling-down on the production of successful video franchises which regularly generate six-figure viewing figures across YouTube, Facebook and other social platforms. In Q1 F2018, theScore esports recorded a total of 18M video views, up from 3.5M for the same period the previous year.

theScore’s Emerging Platforms team continued to work on developing for new platforms and technologies to further amplify theScore brand and product offering. In Q1 F2018, theScore launched its Skill for Amazon Alexa across North America, continued to grow and improve its chatbot for Facebook Messenger and, only last week, launched the first-ever fantasy sports game for Facebook’s Instant Games platform on Messenger.

“We continue to be encouraged by the growth potential we’re seeing with our esports video and emerging platforms initiatives, with the recent launch of our pioneering fantasy sports game on Instant Games being a prime example,” said Mr. Levy. “This, combined with the strong reach of more than 30M people a month across our social platforms, enables us to focus on our core app business while also looking to the future to ensure theScore stays one step ahead of the ever-evolving demands of sports fans.”

theScore announced that, if the proposed amendments to its stock option plan are approved by shareholders at today’s annual and special meeting,  the board of directors intends to grant today 9,940,000 options to acquire Class A subordinate voting shares to employees of the Company, including 1,660,000 options to directors and officers of the Company.  Assuming the requisite shareholder approval is obtained, options will be granted to the following directors and officers: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 options); Ralph Lean (80,000 options); John Albright (80,000 options); Mark Scholes (80,000 options); Lorry Schneider (80,000 options); Thomson Associates Inc. (80,000 options), Mark Zega (80,000 options) and Kirstine Stewart (80,000 options). Each option will be exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.145 in accordance with the terms and conditions of the Company’s employee stock option plan.

theScore will be hosting a conference call at 8:30am EST on Thursday, January 11. Management will review the Company’s Q1 F2018 results, followed by a question and answer session.

Conference Call Dial-In Numbers
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 513838 #

The conference call will also be webcast live here.

 

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements.  Any statement containing words such as “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

[*] User metrics for theScore app do not include audience or engagement numbers from theScore esports platforms, Squad Up, or products from its Emerging Platforms team, including theScore Bot for Facebook Messenger.

 

Table 1

Table 2

Table 3

Table 4